Analysts Set Similarweb Ltd. (NYSE:SMWB) Price Target at $8.07

Similarweb Ltd. (NYSE:SMWB) has earned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $8.2857.

Several research firms have commented on SMWB. Barclays dropped their target price on Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Citigroup upped their price target on shares of Similarweb from $3.00 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Oppenheimer raised their price objective on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research report on Wednesday.

Insider Transactions at Similarweb

In other news, Director Tamar Rapaport-Dagim bought 40,000 shares of the stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $3.22 per share, with a total value of $128,800.00. Following the completion of the transaction, the director directly owned 63,584 shares of the company’s stock, valued at $204,740.48. This trade represents a 169.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Or Offer acquired 50,000 shares of the stock in a transaction on Monday, June 1st. The shares were acquired at an average price of $4.15 per share, for a total transaction of $207,500.00. Following the acquisition, the chief executive officer owned 4,744,396 shares of the company’s stock, valued at approximately $19,689,243.40. The trade was a 1.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 271,105 shares of company stock worth $1,020,726. Insiders own 62.40% of the company’s stock.

Hedge Funds Weigh In On Similarweb

A number of hedge funds have recently bought and sold shares of SMWB. Phoenix Financial Ltd. increased its position in shares of Similarweb by 43.2% during the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after acquiring an additional 1,292,700 shares during the last quarter. Wellington Management Group LLP grew its stake in Similarweb by 163.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock valued at $22,858,000 after purchasing an additional 1,525,230 shares during the period. Nuveen LLC grew its position in Similarweb by 2.5% during the fourth quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock valued at $11,388,000 after buying an additional 37,457 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Similarweb by 2.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 944,552 shares of the company’s stock worth $8,784,000 after purchasing an additional 23,881 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Similarweb by 0.4% in the fourth quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock worth $6,388,000 after buying an additional 3,170 shares during the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

Similarweb Stock Down 1.7%

Similarweb stock opened at $7.31 on Friday. The stock has a market cap of $640.53 million, a PE ratio of -20.89 and a beta of 1.14. Similarweb has a 12-month low of $2.22 and a 12-month high of $10.75. The business’s 50-day moving average price is $5.88 and its two-hundred day moving average price is $4.25.

Similarweb (NYSE:SMWB) last posted its earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. The firm had revenue of $73.88 million during the quarter, compared to analysts’ expectations of $73.04 million. As a group, analysts expect that Similarweb will post -0.08 earnings per share for the current year.

Similarweb Company Profile

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.